A Reporting Unit of a Decentralized Business That Controls Identifiable

question 70

Multiple Choice

A reporting unit of a decentralized business that controls identifiable revenue and/or expense items is known as a(n) :

• A) Management center.
• B) Performance center.
• C) Accounting center.
• D) Responsibility center.

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Definitions:

Logistics Technology Systems

Integrated software and hardware solutions designed to optimize the management of the flow of goods from origin to consumption.

FOB Point

A shipping term indicating the point at which the ownership and risk related to goods are transferred from seller to buyer, defined in terms of location.

Legal Title

A formal recognition of ownership of property or assets which includes the rights to use, sell, or control the said property or assets.

Containers On Flatcars (COFC)

A type of intermodal freight transport where shipping containers are carried on railroad flatcars for part of their journey.